Listed here are three separate series of costs measured at various volume levels.Volume (Units)Series 1Series 2Series 30420$ 550$ 800$ 05508001,6808405508003,3601,2605501,6005,0401,6805501,6006,7202,1005502,4008,4002,5205502,40010,080Examine each series and identify whether it is best described as a fixed, variable, or step-wise cost. Hint: It can help to graph each costseries.Series 1Series 2Series 3

As hinted, let's graph the series:Series 1: Fixed costFixed costs are costs that are constant…

Answered: Listed here are three separate series…

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter19: Variable Costing (varcost)

Section: Chapter Questions

Problem 4R: To determine the effect of different levels of production on the company’s income, move to cell B7...

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1. Listed here are four series of separate costs measured at various volume levels. Volume (Units) Series 1 Series 2 Series 3 Series 4 0 $450 $800 $100 0 100 450 800 105 800 200 450 800 120 1,600 300 450 1,600 145 2,400 400 450 1,600 190 3,200 500 450 2,400 250 4,000 600 450 2,400 320 4,800 Examine each series and identify whether it is best described as a fixed, variable, step-wise, or curvilinear cost. It can help to graph the cost series. Series 1 Series 2 Series 3 Series 4
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Following are four series of costs measured at various volume levels. Identify each series as either fixed, variable, mixed, or step-wise. Hint. It can help to graph each cost series. Volume Series A Series B Series C Series D (Units) 0 400 800 1,200 1,600 2,000 2,400 Series A $ 2,540 3,140 3,740 4,340 4,940 5,540 6,140 Series B $ 1,040 1,040 2,080 2,080 3,120 3,120 4,160 Series C $ 5,040 5,040 5,040 5,040 5,040 5,040 5,040 Series D $0 3,640 7,280 10,920 14,560 18, 200 21,840
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Which of the following types of cost is shown in this table of cost data? Cost per Unit $6,000 3,000 2,000 1,500 b. fixed cost Number of Units C. variable cost d. period cost 1 A WN 2 3 4
Which of the following types of cost is shown in the cost data below? Cost per Number of Unit Units $6,000 3,000 2,000 1,500 a. fixed cost b. mixed cost C. variable cost d. period cost 2. 3. 4.
The absorption costing unit product cost is: a. $147.5 b. $163.5 c. $41.5 d. $99.5
Ayala Inc. has conducted the following analysis related to its product lines, using a traditional costing system (volume-based) and an activity-based costing system. Both the traditional and the activity-based costing systems include direct materials and direct labor costs. Products Product 540X Product 137Y Product 2495 Sales Revenue $208,000 155,000 92.000 Total Costs Traditional $54,000 48,000 23.000 ABC $49,000 30,000 46,000
The following data have been collected for four different cost items. Cost at Cost 100 Cost at Item units 140 units W $8,000 $10,560 X $5,000 $ 5,000 $6,500 $ 9,100 Z $6,700 $ 8,580 NAX Y Which of the following classifications of these cost items by cost behavior is correct? A) B) C) D) Cost W variable mixed variable mixed Cost X fixed fixed fixed fixed Cost Y mixed variable variable mixed Cost Z variable mixed variable mixed
Compute the following: Operating income under variable (direct) costing method Operating income under absorption costing method Operating income under throughput costing method
A company had the following costs at four different levels of activity: Number of units 1250 2000 2590 3061 Cost GHS 4875 6500 7698 8581 The best estimate of variable cost per unit is: O A. GHS 2.17 O B. GHS 2.03 OC. GHS 2.05 D. GHS 2.10
1. Classify A,B,C,D,E,F of the following costs as either variable, fixed, or mixed. Cost Incurred Units produced 5000 10000 Production Costs Total Cost Cost/unit Total Cost Cost/unit A $8000 $1.6 $16000 $1.6 B 9500 1.9 19000 1.9 C 2000 0.4 3300 0.33 D 4000 0.8 4000 0.4 E 800 0.16 1400 0.14 F 1000 0.2 1000 0.1

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